1. Next slashes profit guidance as cost-of-living crisis bites
The retail company's guidance for full-year profit before tax was cut to £840mln.
2. Porsche shares climb after Germany's second-biggest ever listing
Volkswagen, which owns Porsche, priced the luxury carmaker’s shares at the top end of the suggested range
3. Mini-budget sparks 41% collapse in mortgage offerings
A further 321 products were withdrawn overnight, on top of the record 935 pulled the day before, according to Moneyfacts.
4. FTSE 100 closes well in the red
The FTSE 100 recovered ever-so-slightly by the closing bell but finished 1.8% lower at 6,882 points.
5. Aviva, M&G and other blue-chip life insurers can withstand short-term shocks, says analyst
Since chancellor Kwasi Kwarteng's fiscal announcement last Friday there has been a sharp rise in long-term UK interest rates